The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OfficeStaff WriterSun 05 Nov 17

Speculative Industrial Development Gathers Pace in Western Sydney

Stennett_cam2_Office-2-cropped_620x380

Western Sydney's warehouse and logistics sector has surged in speculative industrial developments and Stockland leads the charge in providing supply to a growing demand.

Over the past 12 months, the development company has speculatively developed over 29,000 square metres of industrial space across western Sydney and intends to construct a further 77,187 square metres of space over the next year.

Activity over the next 12 months includes the second stage of the 28-hectare Ingleburn Logistics Park, incorporating two new warehouse facilities of 15,500 square metres and 21,350 square metres at 37-39 Stennett Road, Ingleburn.

Commencement follows the success of Stage One -- a 29,000 square metre facility that was leased to 3PL providers TIFS and Next Logistics -- negotiated by CBRE’s Tom Rourke.

[Related reading: Stockland’s Annual Profit Increases 34% to $1.2 Billion]The Ingleburn facility was designed with the transport and logistics sector in mind-featuring minimum 10m internal clearance, large awnings, B-double drive around access and high-quality office and staff amenities.

Rourke said the warehouse had been designed so it could be split into two tenancies, to cater for a broader range of potential tenants.

“Next Logistics and TIFS were attracted to the building’s corporate presentation and competitive pricing relative to much of the competition,” Rourke said.

“Both leases were struck at an average net rental of $105 per square metre per annum, with outgoings which are almost a quarter of what is currently being paid in suburbs such as Botany, Mascot and Alexandria.”

Stockland has also secured a major blue-chip occupier -- air conditioning specialists Daikin -- for the majority of its 11.5-hectare business park in Warwick Farm in a lease totalling 33,278 square metres.

A tenant is being sought for the remaining 17,737 square metres of available space, which is also being speculatively developed, with a scheduled completion date of late 2017.

This Warwick Farm site is directly opposite the new Inglis thoroughbred horse, sale yards, conference centre and a new Sofitel hotel.

Stockland is also targeting further development of its Yennora Distribution Centre – Sydney’s largest distribution centre with over 300,000 square metres of warehouse space. The centre is now 100 per cent occupied for the first time in over 10 years.

IndustrialAustraliaConstructionPlanningReal EstatePlanningSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
Medium Density housing in NSW
Exclusive

NSW Budget ‘Groundbreaking’ $1bn Guarantee to Unlock Housing

Leon Della Bosca
7 Min
View All >
Genesis Street Frontage 3D Concrete Printed Duplex with Nick Holden
Technology

Australia’s First 3D-Printed Duplex Halves Build Times

Leon Della Bosca
Sydney developer Platino Properties is planning a near 350-unit seniors development on the Northern Beaches as it continues to expand its over 55’s portfolio. The concept application extends the Skyline Place seniors precinct and is for 1 and 3 Skyline Place, Frenchs Forest.
Retirement & Aged Care

Platino Plans Northern Beaches Seniors Expansion

Renee McKeown
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
The 55-storey hotel and apartment scheme in Hyde Park has won planning committee backing, now awaiting state sign-off...
LATEST
Genesis Street Frontage 3D Concrete Printed Duplex with Nick Holden
Technology

Australia’s First 3D-Printed Duplex Halves Build Times

Leon Della Bosca
3 Min
Sydney developer Platino Properties is planning a near 350-unit seniors development on the Northern Beaches as it continues to expand its over 55’s portfolio. The concept application extends the Skyline Place seniors precinct and is for 1 and 3 Skyline Place, Frenchs Forest.
Retirement & Aged Care

Platino Plans Northern Beaches Seniors Expansion

Renee McKeown
2 Min
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
3 Min
Development

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/western-sydney-speculative-industrial-developments